Investors Pulling the Plug on Cablevision

By Grace L. Williams

It’s been a down day for Cablevision System (CVC) after it reported dismal subscriber losses in the wake of Hurricane Sandy.

For its fourth quarter, the cable provider reported earnings of $116.5 million, or 45 cents a share, compared to $60.6 million, or 22 cents a share, a year prior. Revenue in the quarter came in at $1.66 billion. The profit increase was due to a $200 million gain after it settled a lawsuit with Dish Network (DISH).

About Stocks To Watch

Earnings reports, corporate strategies and analyst insights are all part of what moves stocks, and they’re all covered by the Stocks to Watch blog. We also look at macro issues, investor sentiments and hidden trends that are affecting the market. Stocks to Watch gives you the full picture of the U.S. stock markets, all day long.

The blog is written by Ben Levisohn, a former stock trader who has covered financial markets for the Wall Street Journal, Bloomberg and BusinessWeek.